Page 27 - Latest Updates on Nirmala Sitharaman
Action against banks, NBFCs if they violate gold auction norms: Sitharaman
During Question Hour in Lok Sabha, she said Non Banking Financial Companies (NBFCs) and Scheduled Commercial Banks (SCBs) are guided by similar rules
 "Action against banks, NBFCs if they violate gold auction norms: Sitharaman")
Taxonomy for climate finance should be ready in 6 months: DEA secretary
Finance Minister Nirmala Sithraman in her Budget 2024-25 had announced a proposal for developing a taxonomy for climate finance
 "Taxonomy for climate finance should be ready in 6 months: DEA secretary")
How Nirmala Sitharaman turned the tide in BJP's favour in Delhi elections
With over 60 per cent of Delhi's electorate belonging to the middle-class, the Budget announcement of an increased income tax rebate threshold to Rs 12 lakh may just have won BJP the election
 "How Nirmala Sitharaman turned the tide in BJP's favour in Delhi elections")
Fiscal, monetary measures to boost consumption, pvt investment, says FM
On the monetary side, the Reserve Bank on Friday slashed the policy rate by 25 basis points, the first rate cut in five years to support growth
 "Fiscal, monetary measures to boost consumption, pvt investment, says FM")
Hope to introduce new income tax bill in Lok Sabha next week: FM Sitharaman
The bill will again go to the Cabinet after the parliamentary committee gives its recommendations on it. After Cabinet approval, it will again be introduced in Parliament
 "Hope to introduce new income tax bill in Lok Sabha next week: FM Sitharaman")
BJP govt will transform Delhi in line with Viksit Bharat goal: Sitharaman
The Minister further said India's national capital should have a government which serves the cause of its people
 "BJP govt will transform Delhi in line with Viksit Bharat goal: Sitharaman")
Secy group on asset monetisation to meet on Thursday; to discuss NMP 2.0
It will also review progress of first phase of project
 "Secy group on asset monetisation to meet on Thursday; to discuss NMP 2.0")
Debt management: India must focus on sustained fiscal consolidation
Although public debt has gone up across the world after the pandemic, it is in India's interests to reduce it to a more manageable level
 "Debt management: India must focus on sustained fiscal consolidation")
Parliament updates: We live by spirit of Constitution & do not resort to politics of poison, says PM
Parliament Budget Session 2025 latest news updates: Catch all the major updates from the ongoing Budget session of the Parliament
 "Parliament updates: We live by spirit of Constitution & do not resort to politics of poison, says PM")
GST Council to soon take decision on rates, number of slabs: FM Sitharaman
The GST Council will soon take a decision on having fewer and lower rates as the review work is almost complete, Finance Minister Nirmala Sitharaman said on Tuesday.
 "GST Council to soon take decision on rates, number of slabs: FM Sitharaman")
Budget 2025 aims to foster public-private cooperation in infra sector
In her budget speech on Saturday, Finance Minister Nirmala Sitharaman made several announcements to give a push to various sectors, including infrastructure
 "Budget 2025 aims to foster public-private cooperation in infra sector")
PM Internship Scheme aims to provide exposure, not jobs: FM Sitharaman
As part of the Viksit Bharat initiative, announced in the July 2024 budget, the government launched a comprehensive internship scheme aimed at providing opportunities to 1 crore youth over five years
 "PM Internship Scheme aims to provide exposure, not jobs: FM Sitharaman")
Substantial increase in budget allocation to several states: Vaishnaw
According to Vaishnaw, when a comparison is drawn with 2009-2014, the average budgetary allocation for the next financial year 2025-26 is 27 times higher for Delhi, and 23 times for MP among others
 "Substantial increase in budget allocation to several states: Vaishnaw")
FM Sitharaman says no targets for rupee value, it is market-determined
The rupee has been falling in recent weeks, and on Monday touched an all-time low of 87.29 against the American currency
States must raise tax devolution concerns with Finance Commission: FM
The 16th Finance Commission, headed by Arvind Panagariya, has been tasked to make its recommendations available by October 31, 2025, covering an award period of 5 years
 "States must raise tax devolution concerns with Finance Commission: FM")
Budget 2025 boost, strong Q3 lift UPL share price 6% to 52-week high
UPL share price rose after a rating upgrade by Investec, which revised the stock's outlook to 'Buy' from 'Sell', alongside a strong performance in Q3FY25 and announcements from the 2025 Budget
 "Budget 2025 boost, strong Q3 lift UPL share price 6% to 52-week high")
Budget 2025: ME-Card announced for credit access to MSMEs; key features
To facilitate credit accessibility, Union Finance Minister Nirmala Sitharaman introduced a customised credit card scheme for micro enterprises registered on the Udyam portal
 "Budget 2025: ME-Card announced for credit access to MSMEs; key features")
Almost all of govt borrowing going for asset creation: FM Sitharaman
Sitharaman spoke on issues ranging from the theme of the Budget to income tax relief and challenging geopolitical environment
 "Almost all of govt borrowing going for asset creation: FM Sitharaman")
Budget 2025: Govt to develop top 50 tourist spots, streamline e-visas
The land for building key infrastructure in these destinations will be provided by states
 "Budget 2025: Govt to develop top 50 tourist spots, streamline e-visas")
Made sure we're ready for 'Make in India, for the world': FM Sitharaman
"The Prime Minister decided that we need to recognise the taxpayers and their contribution, and if there's a way in which we can reward them, we should. Yes, it will lead to consumption"
 "Made sure we're ready for 'Make in India, for the world': FM Sitharaman")